summary
Introduced
02/12/2025
02/12/2025
In Committee
03/18/2025
03/18/2025
Crossed Over
03/17/2025
03/17/2025
Passed
04/12/2025
04/12/2025
Dead
Signed/Enacted/Adopted
04/24/2025
04/24/2025
Introduced Session
2025 Regular Session
Bill Summary
AN ACT to amend and reenact §39-1-2 of the Code of West Virginia, 1931, as amended, relating to modifying the form of deeds; and requiring that any quitclaim deed without consideration or any deed effecting the transfer of real property where the value of the property transferred is $100 or less for which no excise tax is paid is signed by the grantee or proved by two witnesses as to the grantee before a clerk of the county commission, with certain exceptions for transfers on death and between family members.
AI Summary
This bill modifies the conditions under which county clerks in West Virginia can admit certain types of deeds to record. Specifically, the bill focuses on quitclaim deeds without consideration or deeds transferring real property valued at $100 or less, which are currently exempt from excise tax. Under the new provisions, such deeds must be signed by the grantee (the person receiving the property) or proved by two witnesses before a county commission clerk, with exceptions made for specific types of transfers. These exceptions include transfers occurring upon death, transfers between spouses, transfers between parents and children, transfers between grandparents and grandchildren, and transfers among these family members that are valued at less than $2,000. If a deed is recorded without meeting these requirements, it will be considered void, and no property interest will transfer to the grantee. The bill aims to add an extra layer of verification for low-value or no-cost property transfers to prevent potential fraud or improper property transfers.
Committee Categories
Justice
Sponsors (1)
Last Action
Approved by Governor 4/24/2025 (on 04/24/2025)
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